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The won has traded in a 1,190 to 1,210 per dollar range over the past two months, down 3% year to date, despite broad dollar weakness. The dollar index fell 4.1% in July, its biggest monthly drop since 2010, as investors bought risk assets on hopes for COVID-19 vaccines.
This is currency analysis with no direct feed supply or demand mechanism, so it has little bearing on feed ingredient prices.
kedglobal.comIkhwan KimAug 3, 2020After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
